A Highly Interactive Training Course On
Bank Reconciliation and Petty Cash Management
Reconciling the Bank and Managing Cash to Ensure Liquidity and Profitability
Upcoming Sessions
Course Introduction
"Turnover (Sales) is vanity, Profit is sanity, but Cash is reality! Cash is King!"
In the realm of business, nothing underscores the importance of sound financial management quite like the saying above. While sales and profits are key metrics for success, it's the cash flow that ultimately dictates the financial health and sustainability of a company. Poor cash management practices can lead to increased costs, bad debts, fraudulent activities, and risky investments, all of which can significantly impact a company's bottom line and overall success.
Effective cash management entails more than just keeping track of incoming and outgoing cash flows. It involves optimizing cash and bank balances to maintain liquidity, making informed and profitable investment decisions, and efficiently handling international payments. By mastering these aspects, businesses can reduce costs, increase profitability, and mitigate financial risks.
This Bank Reconciliation and Petty Cash Management training course is designed to equip delegates with the essential skills and strategies needed to navigate the complexities of cash management. From effectively reconciling bank balances to managing various cash and banking issues, participants will gain invaluable insights and practical knowledge to enhance financial performance and ensure long-term success.
Training Objectives
By attending this COPEX training course delegates will be able to make a substantial, positive impact on Bank Reconciliation and Cash Management best practices within their organization, more specifically:
- Prepare and Use Bank Reconciliation Statements
- Prepare Cash Statements and Forecast Cash Flow Forecasts / Budgets
- Manage the Bank & Cash Balances Effectively
- Recommend Appropriate Action in Line with Leading Practice
- Implement Controls to Reduce Risk and Fraud
Who should Attend?
This COPEX training course is suitable for a wide range of professionals who are involved in any aspect of Bank Reconciliation & Cash Management and who want to understand, implement and improve the latest Cash Management concepts, processes and ideas. For example:
- Those Preparing and Controlling Bank Reconciliation
- Staff Preparing and Controlling Cash Statements or Budgets
- Staff Managing Payments
- Staff Engaged in the Budget Process
- Those Who Prepare or Act Upon Budgets
Course Outline
- What is a Bank Reconciliation Statement?
- The Importance of Bank Reconciliation
- Undertaking a Bank Reconciliation
- Report & Correcting Differences
- Avoiding Future Differences
- Controlling Bank Records & Balances
- The Importance of Cash & Liquidity – Cash is King
- Cash Flow Statements – Evaluating the PAST Cash Flow
- Cash Forecast & Budgets – Forecasting and evaluating the FUTURE Cash Flow
- Variance Analysis
- The Cash Flow Cycle & Operational Efficiency
- Working Capital – The ideal ratio
- An Overview of Cash Management
- The Optimal Cash Balance
- Sources of Short Term Finance
- Short Term Investment Opportunities
- Minimising Interest Cost & Maximizing Interest Earned
- Minimising Bank & Cash Balances
- What is Petty Cash?
- Forecasting Cash Needs
- Minimising Cash Holding
- Recording Cash Transactions
- Balancing the Cash Balance
- Dealing with Foreign Currencies & Exchange Rate Risk
- Managing Accounts Receivable & Payable
- Methods of Raising Short-term & Long-term finance
- Minimising the Cost of Finance
- Bank Finance
- Factoring & Invoice Discounting
- Derivatives
Providers and Associations
Certificates
- COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.
Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.
Frequently Asked Questions
This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.
COPEX stands for “The Centre for Operations & Procurement Excellence”. Our courses are designed to develop and enhance the skills and knowledge of professionals across various sectors.
Enhanced Skills: Develop in-demand skills and knowledge in your chosen field.
Career Advancement: Improve your career prospects and increase your earning potential.
Increased Confidence: Gain confidence in your abilities and enhance your professional presence.
Networking Opportunities: Connect with other professionals and industry experts.
Improved Job Performance: Enhance your productivity, efficiency, and job satisfaction.
Personal Growth: Develop valuable personal and professional skills that can benefit you in all areas of life.
Experienced Instructors: Courses are delivered by highly qualified and experienced instructors with industry expertise.
Interactive Learning: Engaging and interactive learning methods, including workshops, simulations, case studies, and group discussions.
Practical Application: Focus on practical skills and real-world applications, enabling you to apply your learning immediately.
Flexible Learning Options: A variety of course formats available, including classroom training, online courses, and blended learning.
Certification & Recognition: Upon successful completion, you may receive industry-recognized certifications.
The cost of COPEX training courses varies depending on the course duration, content, and delivery method.
There are several ways to register in our public training courses:
Online – Browse the Training Plan, select the course of choice, click on the button
“Register Now” inside the course outline page.
E-mail – Send the details (name, company name, email address and training course of
choice) of your nomination to reg@copextraining.com
Telephone – +971 4 368 6886 or +971 50 106 2750
Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.
Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.
The training course fee can be settled by either:
- Bank transfer
- Credit Card
Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.
Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.
Once officially registered, we can assist by providing the corporate rates provided by the hotel where the training course will be conducted. Early confirmation will enable us to secure the room at reduced rates
Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.
Delegates who will attend and successfully complete the training course will earn a COPEX Certificate of Completion. This certification is designed to validate the successful knowledge transfer, and that the desired learning objectives and outcomes to further advance your professional competency are achieved.
We can customize this
training course for you!
Other Specialized Training Courses
Explore a selection of specialized training courses designed to advance your skills and knowledge in key areas critical to professional success. COPEX provides a wide range of programs tailored to meet industry demands, empowering you to stay competitive in today’s dynamic landscape.
$5,950Certificate in Practical Finance and Accounting
$3,950Accounting, Decision-Making & Financial Communication
$5,950Financing Natural Resources
$5,950Loan Structuring, LBOs & Acquisition Finance
$5,950Agency Banking
$11,900Raising the Bar of Internal Audit
$5,950Financial Statement Review and Internal Controls
$11,900Advanced Financial Modeling for Oil & Gas
$3,950Advanced Financial Modelling with Excel
$3,950
